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No, this won't reduce the amount of money you owe, but it won't increase it, either.
The amount that's
reflected by Code J in Line 12 of Form W-2 wasn't included in box 1 of your W-2, so when you
input the W-2 into TurboTax, only the actual taxable income shown in box 1 was
carried over to you return. The J-coded amount has no effect.
An amount with the J code represents sick pay that was paid by a third party and was not includible in income (and not shown in boxes 1, 3, and 5 of the W-2) because the employee -- you -- contributed to the sick pay plan.
For more information, please see the IRS' 2018 General Instructions for Forms W-2 and W-3.
No, this won't reduce the amount of money you owe, but it won't increase it, either.
The amount that's
reflected by Code J in Line 12 of Form W-2 wasn't included in box 1 of your W-2, so when you
input the W-2 into TurboTax, only the actual taxable income shown in box 1 was
carried over to you return. The J-coded amount has no effect.
An amount with the J code represents sick pay that was paid by a third party and was not includible in income (and not shown in boxes 1, 3, and 5 of the W-2) because the employee -- you -- contributed to the sick pay plan.
For more information, please see the IRS' 2018 General Instructions for Forms W-2 and W-3.
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